High prices, rising debt add to ‘affordability crisis’
New-vehicle affordability was flat in September as consumers faced ongoing challenges related to high prices, elevated interest rates and rising ...
Tag: debt
Powersports approval rates decline
Loan approval rates are down across the powersports sector despite higher origination volumes as affordability concerns and rising consumer debt ...
Overdue bills are rising with US debt delinquencies, Fed survey shows
US household debt has reached a record and more borrowers are struggling to keep up. . Overall US household debt ...
American debt stings like never before in new era for households
After years of managing household budgets through the stress of the worst inflation in a generation, USÂ families are increasingly pressured ...
Increased BNPL transparency to help better predict creditworthiness
The addition of consumer retail buy now, pay later debt obligations on credit agency reports improves auto lenders’ ability to ...
Off the Lot: Time to reevaluate credit models, or repeat 2022
Pandemic and post-pandemic originations were initially some of the best most companies experienced. Borrowers were flush with stimulus funds and ...
5 questions with … Mark Pregmon, VP of consumer lending at USAA
USAA Vice President of Consumer Lending Mark Pregmon aims to lead his team with humility and a servant leadership mindset ...
US consumer borrowing surges on jump in credit-card balances
US consumer borrowing surged in November by the most in a year on a jump in credit-card balances as the ...
